Post Tagged with: "Commodity Futures Trading Commission"

Source: Reuters

U.S. regulator blasts own agency’s report on unprecedented oil price plunge


One of the commissioners of the U.S. Commodity Futures Trading Commission on Tuesday criticized as “incomplete and inadequate” the federal agency’s report on April’s plunge in oil futures deep into negative territory.

Dan Berkovitz, a Democrat who holds one …

November 24, 2020 - 11:36 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Houston Chronicle

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources


WASHINGTON/NEW YORK – U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank’s derivatives exposure above a key regulatory threshold, according to two sources with knowledge …

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters

Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …